Investors betting against JD.com made $153 million after the company's CEO was accused of sexual misconduct (JD)

REUTERS/Aly Song

• JD.com plunged after its CEO was detained in the US over a sexual-misconduct allegation.
• Short sellers made $153 million in profits from the stock decline, which saw shares fall 14% last week.
• Watch JD.com trade in real-time here.

JD.com short sellers — or investors betting on the company's stock to fall — made millions last week after CEO Liu Qiangdong was detained in the US over a sexual-misconduct allegation.

Following the news that Liu was arrested over a rape allegation in Minneapolis over Labor Day weekend, JD.com's stock dropped 14% last week. That generated mark-to-market profits of $153 million for short sellers, according to data from financial analytics firm S3 Partners.

See the rest of the story at Business Insider

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